Apollo has received “in principle” approval from Lloyd’s Council to launch Apollo ReShare Syndicate 1972, which is set to begin underwriting on 1 January 2026.
The new syndicate will provide follow-only capacity on the outwards reinsurance programmes for Apollo-managed syndicates, according to the Coverager.
The syndicate will be led by Paul Sandi, Apollo’s Head of Reinsurance, who will act as Active Underwriter. Apollo said Syndicate 1972 will support property, specialty and casualty classes, while also creating efficiencies in reinsurance spending and reducing execution risk for core placements.
“Following this week’s exciting Apollo news, we are thrilled to announce the establishment of Apollo ReShare which demonstrates our innovative approach to enhancing our returns to capital partners,” said David Ibeson, Apollo Group CEO.
“Syndicate 1972 offers a dynamic and diverse portfolio across property, specialty, and casualty classes, underpinned by a strong track record of success. We are really looking forward to the opportunities this creates for us and our partners in the future,” said Paul Sandi, Head of Reinsurance and Active Underwriter of Syndicate 1972.
Nick Jones, Chief Reinsurance Officer, added: “The creation of a dedicated long-term reinsurer for our managed syndicates will greatly benefit our capital providers. Apollo ReShare offers highly rated capacity, creates efficiencies in reinsurance spend, reduces execution risk for core placements whilst supporting cycle management. Our future strategy will be to also offer Syndicate 1972 reinsurer support to our platform partner syndicates as part of our forward-thinking approach.”
